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== '''Actively supporting the University Technology Transfer function''' ==
'''1. The Office of Intellectual Property and Innovation (IPI)'''
a. The Office of Intellectual Property and Innovation (IPI) helps WPI students, faculty and staff take an idea from concept to market. The office helps to identify, evaluate, value and identify a market for intellectual property developed by the community. Additionally , the Office of Intellectual Property and Innovation will cover the cost of patenting the technology for a percentage of royalties, or in the case of a spin out royalties and a small percentage of the company. The IPI will also help negotiate licensing deals, manage royalties and fee distribution.
#The Office of Intellectual Property and Innovation is revising the current intellectual property policy to make it more simple and easy to understand.
#Licensing
##The Office of Intellectual Property and Innovation maintains a portfolio of patents currently available for license and actively tries to find a company to license the available technologies.
'''2. Tech Advisors Network'''
Provides advising and networking services in order to support innovators and entrepreneurs. Work closely with IPI office to assist students with patenting and other legal matters in addition to marketing and business-oriented pursuits.
== '''Facilitating University-Industry Collaboration''' ==